Becton, Dickinson and Company (BDX) Balance Sheet
BDX balance sheet, FY2025
September 30, 2025 · U.S. dollars$55.33B assets = $29.94B liabilities + $25.39B equity
Both columns are drawn to the same scale: what BDX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BDX financial health
Descriptive bands, not a rating. Fiscal FY2025.
BDX balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $25.59BFY2016 | $55.33BFY2025 | +8.9%/yr | |
| Total liabilities | $17.95BFY2016 | $29.94BFY2025 | +5.8%/yr | |
| Shareholders’ equity | $7.63BFY2016 | $25.39BFY2025 | +14.3%/yr | |
| Cash & short-term investments | $1.91BFY2016 | $859.0MFY2025 | −8.5%/yr | |
| Total debt | $11.55BFY2016 | $19.18BFY2025 | +5.8%/yr | |
| Net cash (debt) | −$9.64BFY2016 | −$18.32BFY2025 | −$8.7B | |
| Working capital | $1.97BFY2016 | $942.0MFY2025 | −$1.0B | |
| Book value per share | $35.09FY2016 | $88.43FY2025 | +10.8%/yr | |
| Current ratio | 1.45FY2016 | 1.11FY2025 | −0.33 | |
| Debt / equity | 1.51FY2016 | 0.76FY2025 | −0.76 | |
| Shares outstanding | 217.5MFY2016 | 287.1MFY2025 | +3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BDX assets
BDX liabilities and equity
BDX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BDX balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $859.0M | $2.30B | $1.42B | $1.17B | $2.40B | $2.85B | $566.0M | $1.16B | $14.22B | $1.91B |
| Cash & equivalents | $851.0M | $1.86B | $1.42B | $1.16B | $2.39B | $2.83B | $536.0M | $1.14B | $14.18B | $1.54B |
| Short-term investments | $8.0M | $445.0M | $8.0M | $8.0M | $12.0M | $20.0M | $30.0M | $17.0M | $37.0M | $366.0M |
| Receivables | $2.99B | $3.03B | $2.53B | $2.19B | $2.35B | $2.40B | $2.35B | $2.32B | $1.74B | $1.62B |
| Inventory | $3.89B | $3.84B | $3.27B | $3.22B | $2.74B | $2.74B | $2.58B | $2.45B | $1.82B | $1.72B |
| Other current assets | $1.51B | $1.29B | $1.45B | $1.56B | $1.34B | $983.0M | $1.15B | $1.48B | $855.0M | $1.12B |
| Total current assets | $9.26B | $10.47B | $8.68B | $8.14B | $8.84B | $8.97B | $6.64B | $7.41B | $18.63B | $6.37B |
| Property, plant & equipment (net) | $7.00B | $6.82B | $6.56B | $6.01B | $6.00B | $5.92B | $5.66B | $5.38B | $4.64B | $3.90B |
| Goodwill & intangible assets | $36.02B | $37.38B | $35.47B | $36.93B | $36.67B | $37.43B | $38.35B | $40.04B | $13.46B | $13.77B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38.0M | $796.0M |
| Other non-current assets | $3.06B | $2.62B | $2.08B | $1.85B | $2.37B | $1.69B | $1.19B | $1.08B | $969.0M | $752.0M |
| Total assets | $55.33B | $57.29B | $52.78B | $52.93B | $53.88B | $54.01B | $51.84B | $53.90B | $37.73B | $25.59B |
| Liabilities | ||||||||||
| Accounts payable | $1.97B | $1.90B | $1.64B | $1.70B | $1.74B | $1.35B | $1.09B | $1.11B | $797.0M | $665.0M |
| Short-term debt | $1.56B | $2.31B | $1.26B | $2.30B | $626.0M | $706.0M | $1.31B | $2.60B | $203.0M | $1.00B |
| Deferred revenue | — | — | −$1.64B | — | −$1.79B | −$1.35B | −$1.09B | $343.0M | $176.0M | $2.54B |
| Total current liabilities | $8.31B | $8.96B | $6.64B | $7.81B | $6.63B | $5.84B | $5.66B | $7.22B | $3.34B | $4.40B |
| Long-term debt | $17.62B | $17.94B | $14.74B | $13.89B | $17.11B | $17.22B | $18.08B | $18.89B | $18.67B | $10.55B |
| Other long-term liabilities | $4.00B | $4.50B | $5.60B | $5.96B | $6.45B | $7.19B | $6.95B | $6.80B | $2.78B | $3.00B |
| Total liabilities | $29.94B | $31.40B | $26.98B | $27.65B | $30.20B | $30.25B | $30.68B | $32.91B | $24.79B | $17.95B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $371.0M | $371.0M | $371.0M | $365.0M | $365.0M | $365.0M | $347.0M | $347.0M | $347.0M | $333.0M |
| Retained earnings (deficit) | $16.62B | $16.14B | $15.54B | $15.16B | $13.83B | $12.79B | $12.91B | $12.59B | $13.11B | $12.73B |
| Treasury stock | — | — | — | −$8.33B | −$7.72B | −$6.14B | −$6.19B | −$6.24B | −$8.43B | −$8.21B |
| Accumulated other comprehensive income | −$1.87B | −$1.73B | −$1.55B | −$1.49B | −$2.09B | −$2.55B | −$2.28B | −$1.91B | −$1.72B | −$1.93B |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $25.39B | $25.89B | $25.80B | $25.28B | $23.68B | $23.77B | $21.08B | $20.99B | $12.95B | $7.63B |
| Key figures | ||||||||||
| Total debt | $19.18B | $21.59B | $16.82B | $16.95B | $18.42B | $17.93B | $19.39B | $21.50B | $18.87B | $11.55B |
| Net cash (debt) | −$18.32B | −$19.29B | −$15.40B | −$15.78B | −$16.02B | −$15.09B | −$18.82B | −$20.34B | −$4.65B | −$9.64B |
| Working capital | $942.0M | $1.51B | $2.04B | $330.0M | $2.21B | $3.13B | $989.0M | $195.0M | $15.29B | $1.97B |
| Tangible book value | −$10.63B | −$11.49B | −$9.67B | −$11.65B | −$12.99B | −$13.67B | −$17.27B | −$19.05B | −$508.0M | −$6.14B |
| Book value per share | $88.43 | $88.96 | $89.45 | $87.98 | $81.06 | $84.15 | $76.72 | $79.34 | $57.91 | $35.09 |
| Shares outstanding | 287.1M | 291.0M | 288.4M | 287.4M | 292.1M | 282.4M | 274.8M | 264.6M | 223.6M | 217.5M |
| Current ratio | 1.11 | 1.17 | 1.31 | 1.04 | 1.33 | 1.54 | 1.17 | 1.03 | 5.58 | 1.45 |
| Quick ratio | 0.46 | 0.60 | 0.60 | 0.43 | 0.72 | 0.90 | 0.51 | 0.48 | 4.78 | 0.80 |
| Debt / equity | 0.76 | 0.83 | 0.65 | 0.67 | 0.78 | 0.75 | 0.92 | 1.02 | 1.46 | 1.51 |
| Equity / assets | 45.9% | 45.2% | 48.9% | 47.8% | 43.9% | 44.0% | 40.7% | 38.9% | 34.3% | 29.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $709.0M | $816.0M | $1.03B | $859.0M | $757.0M | $683.0M | $728.0M | $2.30B | $5.31B | $3.17B | $1.18B | $1.42B |
| Cash & equivalents | $708.0M | $813.0M | $1.02B | $851.0M | $735.0M | $667.0M | $711.0M | $1.86B | $4.46B | $2.35B | $1.18B | $1.42B |
| Short-term investments | $1.0M | $3.0M | $11.0M | $8.0M | $22.0M | $16.0M | $17.0M | $445.0M | $851.0M | $827.0M | $2.0M | $8.0M |
| Receivables | $2.36B | $2.21B | $2.51B | $2.99B | $2.94B | $3.03B | $2.64B | $3.03B | $2.60B | $2.56B | $2.27B | $2.53B |
| Inventory | $3.32B | $3.36B | $4.08B | $3.89B | $3.95B | $3.72B | $3.86B | $3.84B | $3.25B | $3.23B | $3.30B | $3.27B |
| Other current assets | $1.75B | $1.63B | $1.56B | $1.51B | $1.35B | $1.23B | $1.43B | $1.29B | $1.05B | $1.38B | $1.40B | $1.45B |
| Total current assets | $8.14B | $8.01B | $9.19B | $9.26B | $9.00B | $8.67B | $8.66B | $10.47B | $12.21B | $10.34B | $8.16B | $8.68B |
| Property, plant & equipment (net) | $6.08B | $6.08B | $6.97B | $7.00B | $6.82B | $6.65B | $6.60B | $6.82B | $6.52B | $6.59B | $6.65B | $6.56B |
| Goodwill & intangible assets | $33.97B | $34.30B | $35.65B | $36.02B | $36.38B | $36.58B | $36.82B | $37.38B | $34.46B | $34.83B | $35.21B | $35.47B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.54B | $2.44B | $3.04B | $3.06B | $2.70B | $2.58B | $2.59B | $2.62B | $2.40B | $2.40B | $2.26B | $2.08B |
| Total assets | $50.73B | $50.83B | $54.84B | $55.33B | $54.90B | $54.47B | $54.66B | $57.29B | $55.58B | $54.16B | $52.27B | $52.78B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | $6.14B | $1.97B | $6.35B | $6.09B | $6.35B | $1.90B | $4.96B | $4.87B | $5.52B | $1.64B |
| Short-term debt | $3.30B | $2.57B | $2.62B | $1.56B | $1.81B | $1.60B | $1.32B | $2.31B | $1.19B | $2.02B | $2.02B | $1.14B |
| Deferred revenue | — | — | — | — | — | — | — | — | $449.0M | $440.0M | −$5.52B | −$1.64B |
| Total current liabilities | $9.40B | $8.51B | $8.76B | $8.31B | $8.16B | $7.69B | $7.66B | $8.96B | $6.61B | $7.33B | $7.54B | $6.64B |
| Long-term debt | $13.51B | $14.71B | $16.92B | $17.62B | $17.53B | $17.67B | $17.44B | $17.94B | $18.13B | $15.99B | $14.09B | $14.74B |
| Other long-term liabilities | $3.40B | $3.49B | $3.88B | $4.00B | $3.74B | $3.87B | $4.36B | $4.50B | $4.98B | $5.19B | $5.31B | $5.60B |
| Total liabilities | $26.31B | $26.70B | $29.56B | $29.94B | $29.43B | $29.23B | $29.46B | $31.40B | $29.71B | $28.51B | $26.94B | $26.98B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $371.0M | $371.0M | $371.0M | $371.0M | $371.0M | $371.0M | $371.0M | $371.0M | $371.0M | $371.0M | $371.0M | $371.0M |
| Retained earnings (deficit) | $17.51B | $17.39B | $16.70B | $16.62B | $16.43B | $16.15B | $16.14B | $16.14B | $16.02B | $15.80B | $15.54B | $15.54B |
| Accumulated other comprehensive income | −$1.65B | −$1.74B | −$1.86B | −$1.87B | −$1.81B | −$1.72B | −$1.68B | −$1.73B | −$1.58B | −$1.53B | −$1.51B | −$1.55B |
| Total shareholders' equity | $24.42B | $24.13B | $25.28B | $25.39B | $25.47B | $25.24B | $25.20B | $25.89B | $25.87B | $25.65B | $25.33B | $25.80B |
| Key figures | ||||||||||||
| Total debt | $16.81B | $17.28B | $19.54B | $19.18B | $19.34B | $19.27B | $18.76B | $21.59B | $19.32B | $18.01B | $16.11B | $15.88B |
| Net cash (debt) | −$16.10B | −$16.46B | −$18.50B | −$18.32B | −$18.58B | −$18.59B | −$18.03B | −$19.29B | −$14.01B | −$14.84B | −$14.93B | −$14.46B |
| Working capital | −$1.26B | −$495.0M | $428.0M | $942.0M | $837.0M | $975.0M | $995.0M | $1.51B | $5.60B | $3.01B | $616.0M | $2.04B |
| Tangible book value | −$9.55B | −$10.17B | −$10.36B | −$10.63B | −$10.91B | −$11.34B | −$11.61B | −$11.49B | −$8.59B | −$9.18B | −$9.88B | −$9.67B |
| Book value per share | $88.73 | $85.99 | $88.69 | $88.43 | $88.24 | $87.28 | $86.79 | $89.09 | $89.13 | $88.34 | $86.94 | $88.13 |
| Shares outstanding | 275.2M | 280.6M | 285.1M | 287.1M | 288.7M | 289.2M | 290.4M | 290.6M | 290.3M | 290.3M | 291.4M | 292.7M |
| Current ratio | 0.87 | 0.94 | 1.05 | 1.11 | 1.10 | 1.13 | 1.13 | 1.17 | 1.85 | 1.41 | 1.08 | 1.31 |
| Quick ratio | 0.33 | 0.36 | 0.40 | 0.46 | 0.45 | 0.48 | 0.44 | 0.60 | 1.20 | 0.78 | 0.46 | 0.60 |
| Debt / equity | 0.69 | 0.72 | 0.77 | 0.76 | 0.76 | 0.76 | 0.74 | 0.83 | 0.75 | 0.70 | 0.64 | 0.62 |
| Equity / assets | 48.1% | 47.5% | 46.1% | 45.9% | 46.4% | 46.3% | 46.1% | 45.2% | 46.5% | 47.4% | 48.5% | 48.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 25, 2025); data from EODHD.
BDX financial position
At the end of fiscal 2025 (September 30, 2025), Becton Dickinson had total assets of $55.3 billion (down 3.4% from a year earlier), total liabilities of $29.9 billion and shareholders' equity of $25.4 billion. It held $859.0 million in cash and short-term investments against $19.2 billion of debt, net debt of $18.3 billion. Its current ratio was 1.11. In the latest quarter (ended June 30, 2026) total assets were $50.7 billion and equity $24.4 billion.
Related: BDX income statement, BDX cash flow statement, BDX key metrics. See the BDX stock overview for the latest quote and news.
BDX balance sheet FAQ
What are Becton Dickinson's total assets?
Becton Dickinson reported total assets of $55.3 billion at the end of fiscal 2025 (September 30, 2025), compared with $57.3 billion a year earlier.
How much debt does Becton Dickinson have?
Becton Dickinson had $19.2 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.76.
How much cash does Becton Dickinson have?
Becton Dickinson held $859.0 million in cash and short-term investments at the end of fiscal 2025; with $19.2 billion of debt that is net debt of $18.3 billion.
What is Becton Dickinson's book value?
Becton Dickinson's shareholders' equity (book value) was $25.4 billion at the end of fiscal 2025, or $88.43 per share.
What is Becton Dickinson's current ratio?
Becton Dickinson had current assets of $9.3 billion and current liabilities of $8.3 billion, a current ratio of 1.11 (it can cover its short-term obligations).
How much goodwill does Becton Dickinson have?
Becton Dickinson carried $36.0 billion of goodwill and intangible assets, 65.1% of total assets, at the end of fiscal 2025.